Which best explains why producers choose to specialize? Check all that apply.


{} to increase competition


{} to gain a comparative advantage


{} to decrease the amount of goods produced


{} to maintain market share


{} to increase efficiency

Respuesta :

Specialization leads to reduced competition since there are more individual markets. The amount of goods could be increased or decreased after specialization. Market share in a sense could be maintained with specialization but specialization means opening up to a new market; also the efficiency of a process is increased if it is more specialized (tires versus whole cars). Specialization also could help the producer gain a comparative advantage if there are the conditions; for example if there is iron and carbon in a country, it makes sense to specialize in stell constructions. Hence 2, 5 are very good choices and 4 is reasonable.

Answer:

2,4,5

Explanation:

2021 edg.